7256 89Th PlMesa, AZ 85212

Property Details for 7256 89Th Pl

Lot size

4.32 AC

Zone code

LI

Property type

Office properties

APN

304-62-820

APU

30462820

Description

This exceptional 2,364 square foot industrial warehouse, situated on a 1.02-acre lot in Mesa, Arizona's Gateway Airport Business Center, presents a compelling investment opportunity. Priced at $795,000, the property boasts a 16-foot ceiling height, providing ample vertical space for storage and operations. Convenient grade-level loading is facilitated by a 12' x 12' loading dock. The warehouse benefits from a 120/208V 3-phase power supply and a secure, fenced private yard. Zoned L1 by the City of Mesa, this property enjoys a strategic location near Mesa Gateway Airport, State Route 24, and Loop 202, offering excellent access to major transportation arteries. The property's address is 7256 S 89th Pl, ste 103, Mesa, AZ 85212, within the East Valley's Gateway Airport submarket. This turnkey industrial space is ideal for a variety of businesses seeking efficient operations and convenient access to key transportation routes. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $59,640,412

  6.5%

  $55,052,688

  7%

  $51,120,352

• Comparable approach

  Method

  Valuation

  Relative Method

  $42,439,044

  Geo Method

  $42,439,044

• Alternative Use

  Use

  Valuation

  Residential Income

  $68,265,336

  Hospitality / Lodging

  $62,530,676

  Institutional / Educational

  $52,024,788

  Healthcare / Senior Housing

  $53,814,000

  Retail / Commercial

  $80,927,448

Location Insight

City

Mesa

County

Maricopa

State

Arizona

Latitude

33.2831

Longitude

-111.641

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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